Rising material and technology costs caused by world-wide conflicts, inflation and rising fuel expenses have pushed up replacement values for field equipment across Australia, leading to widespread underinsurance.
Recent Insurance market reports found many firms undervalue their assets by 20–40%. For surveyors, this gap can mean thousands lost during a claim.
ACSIS’s Equipment Insurance includes new-for-old replacement, flood cover, and a $50,000 blanket limit for unspecified tools.
Tip: Recalculate asset values yearly and store a copy of purchase receipts for faster claim settlements.
Takeaway: Your tools evolve and your cover should too. Our team at ACSIS is specialised in supporting not only Surveyors but also multidisciplinary professionals across Town Planning, Engineering, Bushfire Assessment, Project Management, and Geographic Information Systems with the best insurance cover.